Manhasset, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Manhasset, NY Housing Market Trends

With 8,172 people, 2,655 houses or apartments, and a median cost of homes of $1,078,652, Manhasset house prices are not only among the most expensive in New York, Manhasset real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Manhasset, accounting for 77.03% of the town's housing units. Other types of housing that are prevalent in Manhasset include large apartment complexes or high rise apartments ( 9.31%), duplexes, homes converted to apartments or other small apartment buildings ( 7.38%), and a few row houses and other attached homes ( 5.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manhasset. Owner-occupied housing accounts for 74.64% of Manhasset's homes, and 73.28% have either three or four bedrooms, which is average sized relative to America.

The housing in Manhasset was primarily built before 1939 ( 55.93%), making the housing stock in Manhasset some of the oldest overall in America, although there is a range of ages of homes in Manhasset. The next most important housing age is between 1940-1969 ( 29.31%), followed by between 1970-1999 ( 12.48%). There's also some housing in Manhasset built between 2000 and later ( 2.28%).

Manhasset Home Appreciation Rates

Appreciation rates for homes in Manhasset have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 43.18%, which ranks in the top 40% nationwide. This equates to an annual average Manhasset house appreciation rate of 3.65%.

Over the last year, Manhasset appreciation rates have trailed the rest of the nation. In the last twelve months, Manhasset's appreciation rate has been 4.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Manhasset were at 1.75%, which equates to an annual appreciation rate of 7.19%.

Relative to New York, our data show that Manhasset's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$1,078,652

Manhasset, NY HOME PRICES

> $1,110,000
62.2%
62.2%
$832,001 - $1,110,000
21.0%
21.0%
$555,001 - $832,000
12.2%
12.2%
$444,001 - $555,000
0.5%
0.5%
$333,001 - $444,000
1.5%
1.5%
$222,001 - $333,000
0.8%
0.8%
$111,001 - $222,000
0.5%
0.5%
$55,001 - $111,000
0.7%
0.7%
$0 - $55,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
2,655

Manhasset Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
128.89% 4.02%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,313 / per month

Homeownership Rate

Owners
74.6%
74.6%
Renters
25.4%
25.4%
Vacant
8.4%
8.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.3%
2.3%
1970 - 1999
12.5%
12.5%
1940 - 1969
29.3%
29.3%
1939 or Older
55.9%
55.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.0%
77.0%
Townhomes
5.0%
5.0%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
9.3%
9.3%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
5.3%
5.3%
2 Bedrooms
10.6%
10.6%
3 Bedrooms
49.3%
49.3%
4 Bedrooms
24.0%
24.0%
5 or more bedrooms
9.1%
9.1%
0.0% 100.0%
% OF HOMES